The company stated that the purchase price significantly exceeds the book value of the investment. Note that Blicnet’s 2017 book value amounted to EUR 16m (according to TLSG’s Annual Report).

Telekom Slovenije published a document stating that they have completed the procedure for the sale of a 100% stake in Blicnet, a telecommunication company in Bosnia and Herzegovina.  For the moment the final purchase price is unknown, but the company will announce the total value of the purchase fee after determining the adjustment figures.

However, the company stated that the purchase price significantly exceeds the book value of the investment. Looking at Telekom Slovenije’s 2017 Annual Report, we see they booked the investment in Blicnet at EUR 16m.